Dave & Buster's Entertainment (NASDAQ:PLAY) Posts Earnings Results, Misses Expectations By $0.20 EPS

Dave & Buster's Entertainment (NASDAQ:PLAY - Get Free Report) announced its earnings results on Tuesday. The restaurant operator reported $0.76 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.96 by ($0.20), Zacks reports. Dave & Buster's Entertainment had a return on equity of 44.22% and a net margin of 3.88%. The company had revenue of $567.70 million for the quarter, compared to analyst estimates of $572.12 million. During the same quarter in the previous year, the company posted $0.99 earnings per share. Dave & Buster's Entertainment's revenue for the quarter was down 3.5% on a year-over-year basis.

Dave & Buster's Entertainment Trading Up 17.7%

NASDAQ PLAY traded up $4.59 during mid-day trading on Wednesday, reaching $30.46. 5,457,739 shares of the stock were exchanged, compared to its average volume of 1,478,381. The stock has a market cap of $1.05 billion, a P/E ratio of 15.08 and a beta of 2.00. The company has a debt-to-equity ratio of 6.38, a current ratio of 0.29 and a quick ratio of 0.19. Dave & Buster's Entertainment has a one year low of $15.08 and a one year high of $51.27. The stock has a 50 day simple moving average of $20.27 and a 200-day simple moving average of $24.08.

Analyst Ratings Changes

Several brokerages have commented on PLAY. BMO Capital Markets raised their target price on shares of Dave & Buster's Entertainment from $30.00 to $35.00 and gave the stock an "outperform" rating in a report on Wednesday. Piper Sandler boosted their price objective on shares of Dave & Buster's Entertainment from $22.00 to $30.00 and gave the company a "neutral" rating in a research report on Wednesday. UBS Group increased their target price on Dave & Buster's Entertainment from $18.00 to $29.00 and gave the stock a "neutral" rating in a report on Wednesday. Truist Financial lifted their price target on Dave & Buster's Entertainment from $22.00 to $29.00 and gave the company a "hold" rating in a research note on Wednesday. Finally, Loop Capital raised their price target on shares of Dave & Buster's Entertainment from $35.00 to $46.00 and gave the stock a "buy" rating in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, Dave & Buster's Entertainment currently has a consensus rating of "Hold" and a consensus price target of $33.83.

Institutional Trading of Dave & Buster's Entertainment

An institutional investor recently bought a new position in Dave & Buster's Entertainment stock. AQR Capital Management LLC bought a new stake in shares of Dave & Buster's Entertainment Inc (NASDAQ:PLAY - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 24,462 shares of the restaurant operator's stock, valued at approximately $430,000. AQR Capital Management LLC owned approximately 0.07% of Dave & Buster's Entertainment at the end of the most recent reporting period. 91.45% of the stock is owned by institutional investors and hedge funds.

Dave & Buster's Entertainment Company Profile

Dave & Buster's Entertainment, Inc owns and operates entertainment and dining venues for adults and families. Its venues offer a menu of entrees and appetizers, as well as a selection of non-alcoholic and alcoholic beverages; and an assortment of entertainment attractions centered on playing games and watching live sports, and other televised events.